The 2012 Real Estate Survey published by PriceWaterhouse Coopers targets the Lone Star State as one of the most favorable markets for real estate investment. The reason for such faith in Texas real estate is a healthy job forecast for 2013. As R. Byron Carlock, Jr., a partner for PWC and its national real estate practice leader, said about the area in and around Erath County, “”…is moving up the spectrum as being the most attractive market outside of the six primary coastal markets…It’s a standout in the world economy of uncertainty. There are more investors looking to develop in hard assets…”
And the outlook is positive across every possible investment category: office space, industrial property and multifamily properties. Every potential property is seen as favorable by real estate investors, with industrial and office space earning a premium due to a lack of supply. Also, there are plans to expand Houston’s ports, which will bring more goods, shipping and storage needs to the region. That will see Dallas and surrounding areas like Stephenville becoming an operational hub, with transport and storage of imports and exports being managed by local offices of shipping companies. That means more jobs and office space to house them.
Also, due to a lack of projected supply of industrial and office space, construction of such space should begin in earnest early in 2013. That also means more jobs to build, manage and provides services to these complexes. Indeed, recent reports show a very large number of corporate space planned. So where do all of these workers live? Apartments and homes in areas like Stephenville, two property types also anticipated to realize large growth. As it stands currently, there is little supple to keep up with demand, which is driving up prices. Even with the new construction, prices are expected to be supported by large numbers of new workers and residents.
All of this adds up to a positive forecast for Stephenville real estate. So if you’re looking for real estate opportunities in Stephenville ahead of this wave, we’re just the local experts to guide you. Call us today to learn more about these exciting opportunities.